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Less Jobs In January In Canada

 February 11, 2013 02:18 PM

Our friends over at Stats Canada published their Labor Force Survey for January 2013 on Friday and the news was not as good as it has been in the past few months, with 22,000 jobs less in the Canadian Economy. Unemployment did not increase though, because there were less folks looking for jobs (again, not a good piece of news either).

[Related -What To Avoid -- And Where To Invest -- If The Fed Raises Rates]

Employment for the Past Little While

This could be down to a post Christmas sag in jobs, but with Best Buy starting to shut down many of their big box electronics stores, this could be a pre-cursor to a larger retail drop in jobs. With the growing generation of under-employed youngsters a retail shrinkage could hurt a great deal.

Public sector employment fell by 27,000 in January, while self-employment was up slightly and the number of private sector employees was little changed. Compared with 12 months earlier, the number of private sector employees increased by 1.9% or 210,000, while the number of public sector employees and self-employed was little changed.

[Related -Foreign Bonds Edged Higher Last Week]

Good to hear the private sector is creating more jobs, the Canadian economy relies heavily on those public servants out there, and I suspect there is going to be a great deal more cutting in the Public Sector.

Unemployment for the Past Little While (in Canada)

The unemployment graph again can be deceptive given you have less folks actually looking for jobs.

The Big Table

Here is one of the 3 Big Tables that Stats Canada supplies that breaks the information down so you can better comprehend how you fit in these numbers:

Labour force characteristics by age and sex - Seasonally adjusted

December 2012January 2013December 2012 to January 2013January 2012 to January 2013December 2012 to January 2013January 2012 to January 2013

thousands (except rates)change in thousands (except rates)% change
Both sexes, 15 years and over

Labour force19,026.018,968.5-57.5193.5-0.31.0
Participation rate66.866.6-0.2-0.1
Unemployment rate7.17.0-0.1-0.5
Employment rate62.161.9-0.20.2
Part-time rate18.718.70.0-0.3
Youths, 15 to 24 years

Labour force2,836.02,831.5-4.5-17.0-0.2-0.6
Participation rate63.663.60.0-0.3
Unemployment rate14.113.5-0.6-1.0
Employment rate54.655.00.40.4
Part-time rate47.646.9-0.7-0.8
Men, 25 years and over

Labour force8,566.78,544.5-22.2112.6-0.31.3
Participation rate72.972.6-0.3-0.1
Unemployment rate6.06.10.1-0.5
Employment rate68.568.1-0.40.2
Part-time rate7.57.50.0-0.3
Women, 25 years and over

Labour force7,623.37,592.5-30.897.9-0.41.3
Participation rate62.261.8-0.4-0.1
Unemployment rate5.85.5-0.3-0.5
Employment rate58.658.4-0.20.2
Part-time rate21.521.70.20.0

not applicable


Related CANSIM table 282-0087.

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